SM Energy Company (SM) financial statements (2021 and earlier)

Company profile

Business Address 1775 SHERMAN STREET
DENVER, CO 80203
State of Incorp. DE
Fiscal Year End December 31
SIC 1311 - Crude Petroleum and Natural Gas (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments0078314900
Cash and cash equivalents0078314900
Receivables162185168160152134323
Derivative instruments and hedges, assets31551756455368403
Disposal group, including discontinued operation     118
Other undisclosed current assets10139119162
Total current assets:204253429549225519745
Noncurrent Assets
Property, plant and equipment4,702 5,8315,555  5,504
Oil and gas property, successful effort method      4,648
Derivative instruments and hedges2321584068121190
Other noncurrent assets48653433203278
Other undisclosed noncurrent assets      (10,152)
Total noncurrent assets:4,773865,9245,62888152268
Other undisclosed assets 5,954  6,0814,9505,504
TOTAL ASSETS:4,9766,2926,3536,1776,3945,6226,517
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:372402403387300303641
Accounts payable635256    
Accrued liabilities6597140294449 
Employee-related liabilities314231393541 
Taxes payable21251913714 
Interest and dividends payable534441454534 
Other undisclosed accounts payable and accrued liabilities139143116260169164641
Derivative instruments and hedges, liabilities20051631731150 
Asset retirement obligation      1
Deferred tax liabilities    143
Other liabilities1219    1
Other undisclosed current liabilities      (1)
Total current liabilities:584472466559415303785
Noncurrent Liabilities
Long-term debt and lease obligation2,2142,7562,5962,9092,8982,518 
Long-term debt, excluding current maturities2,2142,7332,5962,9092,8982,518 
Operating lease, liability 23
Liabilities, other than long-term debt1621492782005579411,079
Deferred compensation liability, classified      27
Asset retirement obligations8384  96138121
Deferred tax liabilities, net22380316758892
Other liabilities57614348474540
Derivative instruments and hedges, liabilities223127198 0
Other undisclosed noncurrent liabilities 166921142682,366
Total noncurrent liabilities:2,3773,0712,9663,2233,4813,4673,445
Total liabilities:2,9603,5433,4333,7823,8963,7694,230
Stockholders' equity
Stockholders' equity attributable to parent2,0162,7492,9202,3952,4971,8522,287
Common stock1111111
Additional paid in capital1,8281,7921,7661,7421,717306283
Accumulated other comprehensive loss(14)(11)(12)(14)(15)(13)(11)
Retained earnings2019681,1666667941,5602,014
Total stockholders' equity:2,0162,7492,9202,3952,4971,8522,287
TOTAL LIABILITIES AND EQUITY:4,9766,2926,3536,1776,3945,6226,517

Income statement (P&L) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues1,1271,5902,0671,1291,2171,5572,522
Revenue, net1,2601,1781,5092,506
Cost of revenue(1,039)(1,442)(1,009)(1,109)(2,011)(1,638)(817)
Cost of goods and services sold(391)(501)(487)(508)(598)(738)(740)
Gross profit:871481,05821(793)(81)1,705
Operating expenses(1,156)(218)(222)(189)(266)(498)(539)
Other operating expense, net(25)(20)(18)(14)   
Other undisclosed operating income25201814   
Operating income (loss):(1,069)(70)836(168)(1,059)(579)1,166
Nonoperating income (expense)(4)(2)3401581
Investment income, nonoperating      583
Other nonoperating income (expense)(4)(2)3401(3)
Interest and debt expense116(159)(188)(179)(143)(145)(99)
Income (loss) from continuing operations before equity method investments, income taxes:(957)(231)652(344)(1,202)(723)1,648
Other undisclosed loss from continuing operations before income taxes      (583)
Income (loss) from continuing operations before income taxes:(957)(231)652(344)(1,202)(723)1,065
Income tax expense (benefit)19244(143)183444275(399)
Net income (loss) available to common stockholders, diluted:(765)(187)508(161)(758)(448)666

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):(765)(187)508(161)(758)(448)666
Other comprehensive income (loss)(2)141  9
Other undisclosed comprehensive loss      (681)
Comprehensive income (loss):(767)(186)513(160)(758)(448)(6)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent   (1)(1)(2)666
Comprehensive income (loss), net of tax, attributable to parent:(767)(186)513(160)(759)(450)660

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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